Energy Bangla

The government has increased contract prices for the drilling of four wells by Russian energy giant Gazprom under the Energy Division’s fast-track measures. The Cabinet Committee on Public Purchase monday gave its consent on an Energy Division proposal on increasing the price. The meeting was presided by Industries Minister Amir Hossain Amu in the absence of Finance Minister AMA Muhith. The cabinet committee also approved another Energy Division proposal for... »

State-owned Bapex has made a fresh move to explore and develop four onshore gas fields in the hills under joint venture with international oil companies (IOCs) five years after an initial initiative, said officials. “We are now receiving expression of interests (EoIs) from IOCs to jointly carry out exploration and development works at Patiya, Jaldi, Kasalong and Sitapahar,” a senior official of the Bangladesh Petroleum Exploration and Production Company (Bapex)... »

State-owned Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has invited expressions of interest from international oil and gas companies to jointly carry out exploration and development of several geological structures. Bapex hopes to explore a number of well-defined four-way anticline closures – Patiya, Jaldi, Kasalong and Sitapahar – situated in Chittagong and the Chittagong Hill Tracts. “We invited expressions of interest (EoI) aiming to explore oil and gas from... »

NEW DELHI: Oil and Natural Gas Corp has agreed to take over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance IndustriesBSE -0.06 % and BG once output falls to zero. With Tapti output declining rapidly, partners in the Panna-Mukta and Tapti fields – RIL, BG and ONGC, have decided to abandon the field. “Tapti abandonment (has) achieved resolution with... »

Singapore-based Kris Energy will carry out drilling operations in two onshore wells in Bangora field, located under block 9 in Comilla district, a senior Petrobangla official told the FE. Petrobangla has already approved the work programmes of KrisEnergy and its partners to initiate drilling of two onshore wells, he said. Once completed, natural gas production from Bangora gas field will be consolidated at the current level of around 110 million... »

‘Investment in the region is not increasing for lack of gas, despite various facilities including cheap labour and land’ The government plans to supply natural gas to the greater Faridpur region, despite projections that the natural resource will be depleted rapidly beginning in 2018. According to a recent decision of the Energy and Mineral Resources Division, a 30-inch diameter 6.5 kilometre-long transmission pipeline will be built alongside the Padma Multipurpose... »

An Indian minister expressed Delhi’s willingness to share with Bangladesh gas from Myanmar with which the former is planning to build a pipeline for the fuel import. “We are ready to help Bangladesh achieve energy security in the field of gas as we are doing in the case of electricity supply,” Minister for Petroleum and Natural Gas Dharmendra Pradhan told the FE in an exclusive interview at the convention centre... »

Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource potential both vast and untapped, the nation has never been far from energy investors’ minds. The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Argentina’s deliberate efforts... »

Petrobangla, the state owned oil and gas corporation, has written to the US-based ConocoPhillips and Norway-based Statoil ASA to sign the final deal with it for exploring oil and gas in the offshore blocks 12, 16 and 21. Referring to a Cabinet decision, Petrobangla on Thursday sent an invitation letter to the joint-venture of Conoco and Statoil to come to Dhaka for signing the final deal, Petrobangla sources said. Meanwhile,... »

The government is going to conduct a 2D multi-client survey in Bay of Bengal. An agreement in this regard will be signed with a foreign company this month. To collect adequate data and information about resources of the Bay of Bengal the government had floated international tender early this year. Some eight foreign companies dropped quotations for the job. Sunday was the last date of dropping of biddings. Energy Division... »